Terry Burns, A Former partner in GV, Entering a new chapter of her career by launching her own venture firm named type capital,
It will focus on early-stage startups, cutting down on pre-seed and seed-size investigations, fortune report, Burns told Fortune that he is still in the early stages of building his company and has not invested in any companies yet. He confirmed to TechCrunch that his new company has launched, but declined to provide further details about his plans or the size of the fund.
The launch of Type Capital is a significant milestone as it marks Terri Burns’ entry into the select group of Black women with their own venture firms. Black women who have co-founded or solo-founded their own firms include Jewel Burks Solomon from Collab Capital, Sarah Kunst from Clio Capital, and Monique Woodard from Cake Ventures.
This achievement further highlights Burns’ remarkable journey in the venture industry, which began when he joined GV in 2017. In 2020, at the age of 26, she made history as the firm’s youngest and first black female partner.
Burns began his career at Twitter as an associate product manager before becoming a Kauffman Fellow and studying computer science at NYU. In 2021, she became the youngest member of the university’s Board of Trustees.
During his tenure at GV, Terry Burns played a key role in many of the firm’s successful investments. In particular, he led investment In the social app HAGS, which was later acquired by Snapchat. His involvement in the popular Partiful, which has since raised over $20 million from investors including a16z, has further solidified him as a savvy consumer tastemaker. He is an angel investor and also co-founded angel investment collective Which has invested in at least 11 companies including Club House.
Burns is interested in Gen Z founders, digital consumer companies, developer tools, and of course artificial intelligence. Like many seed-stage firms, she wants to check in first. Too often, he said, investors follow the hype train, missing out on good deals as they wait for signals from other investors that a company is worthwhile. She told Fortune that she hopes to find promising founders and use her extensive network to help them find follow-on opportunities.
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